Totals
- Total revenue
- $2,822,819
- Total expenses
- $2,569,911
- Contributions and grants received
- $2,342,179
- Grants paid
- $0
- Program service revenue
- $141,442
- Investment income
- $0
- Other revenue
- $339,198
- Total assets, end of year
- $5,139,795
- Total liabilities, end of year
- $2,610,412
- Net assets or fund balances, end of year
- $2,529,383
- Program services expenses (Part IX)
- $2,124,281
- Management and general expenses
- $445,630
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,124,281
Program services were 82.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,342,179
-
1g · Noncash contributions included above
$22,654
-
2f · All other program service revenue
total $141,442 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $13,750
-
6c · Rental income or loss
real property $13,750
-
6d · Net rental income or loss
total $13,750 · related or exempt $13,750
-
8a · Fundraising events: gross income
$68,268
-
8b · Fundraising events: direct expenses
$40,872
-
8c · Net income from fundraising events
total $27,396 · unrelated business $0 · excluded $27,396
-
10a · Gross sales of inventory
$371,474
-
10b · Cost of goods sold
$73,422
-
10c · Net income from sales of inventory
total $298,052 · related or exempt $298,052
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $151,099 · program services $0 · management and general $151,099 · fundraising $0
-
7 · Other salaries and wages
total $96,736 · program services $0 · management and general $96,736 · fundraising $0
-
10 · Payroll taxes
total $24,322 · program services $0 · management and general $24,322 · fundraising $0
-
11c · Fees: accounting
total $47,866 · program services $0 · management and general $47,866 · fundraising $0
-
13 · Office expenses
total $17,333 · program services $0 · management and general $17,333 · fundraising $0
-
17 · Travel
total $6,822 · program services $0 · management and general $6,822 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $116,110 · program services $90,101 · management and general $26,009 · fundraising $0
-
24a · Other expenses: FARM EXPENSE SCHEDULE
total $2,034,180 · program services $2,034,180 · management and general $0 · fundraising $0
-
24b · Other expenses: BANK & MERCHANT FEES
total $17,820 · program services $0 · management and general $17,820 · fundraising $0
-
24c · Other expenses: POSTAGE
total $33,023 · program services $0 · management and general $33,023 · fundraising $0
-
24d · Other expenses: TELEPHONE
total $11,125 · program services $0 · management and general $11,125 · fundraising $0
-
24e · All other expenses
total $13,475 · program services $0 · management and general $13,475 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,033,480 · end of year $900,474
-
7 · Other notes and loans receivable
beginning of year $7,550 · end of year $70,150
-
8 · Inventories for sale or use
beginning of year $34,203 · end of year $38,337
-
10a · Land, buildings and equipment: cost or other basis
$5,089,588
-
10b · Land, buildings and equipment: accumulated depreciation
$1,074,129
-
10c · Land, buildings and equipment, net
beginning of year $3,857,588 · end of year $4,015,459
-
11 · Investments: publicly traded securities
beginning of year $144,040 · end of year $115,375
-
17 · Accounts payable and accrued expenses
beginning of year $58,826 · end of year $65,899
-
19 · Deferred revenue
end of year $24,000
-
23 · Secured mortgages and notes payable
beginning of year $2,628,415 · end of year $2,520,513
-
24 · Unsecured notes and loans payable
beginning of year $40,500
-
31 · Retained earnings, endowment or other funds
beginning of year $2,349,120 · end of year $2,529,383
Mission and programs · 2022
Mission
To care for and protect retired racing thoroughbreds.
-
Raise awareness of the treatment of retired race horses and care for and honor the racehorses. We keep and care for retired race horses on our farm.
Expenses $2,124,281 · Revenue $2,795,423
As filed on the 2022 return.
Listed in Part VII
-
Michael Blowen
President/Board Member
- Total calculated
- $55,000
- From this org
- $55,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
William Van den Dool
VP/Board Member
- Total calculated
- $41,000
- From this org
- $41,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Cynthia Grisolia
Chairman
- Total calculated
- $14,480
- From this org
- $14,480
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barbara Fossum
Sec'y/Board Member
- Total calculated
- $40,619
- From this org
- $40,619
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Jill Baffert
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Peggy Gdovka
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Mundy
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Corey Johnsen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mark Simon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Clark Nyberg
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ron Portell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey Burch
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
John Park DVM
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ron Wallace
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Diane White
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Susan Chu
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Bev Passarello
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302369349301320
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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